Democratic Party “Full-scale preparation of digital asset policies including stablecoins”

Democratic Party preparing to institutionalize the cryptocurrency market when in power (Source: Yonhap News)

The Democratic Party announced its position to actively promote the institutionalization of the digital asset market focusing on stablecoins. The party plans to focus on establishing a legal and policy foundation that aligns with global trends, emphasizing that stablecoins are closely related to monetary sovereignty and innovative growth.

At the 'Digital Asset Industry Field Policy Meeting' held at the Upbit Lounge in Gangnam-gu, Seoul, on the morning of the 27th, the Democratic Party's Economic Growth Committee announced, "We will actively promote policies for the creation of a sound market and investor protection for stablecoins and digital assets."

Ando Geol, deputy head of the Democratic Party's Economic Growth Committee, Kim Byeong-wook, head of the Global Digital Finance Subcommittee, along with Lee Seok Woo, CEO of Dunamu, Lee Jae-won, CEO of Bithumb, and Kim Jae-jin, Executive Vice President of DAXA, and other key industry figures also attended the meeting to share opinions on policy directions and market issues.

The Democratic Party plans to establish a more specific and effective regulatory framework for the digital asset industry in the future, reducing market uncertainty and enhancing the competitiveness of the domestic blockchain industry.